Fed’s Waller Calls for Careful Cuts, Miran Wants Bigger Move (4)

Federal Reserve Governor Christopher Waller said officials can keep lowering interest rates in quarter-percentage-point increments to support a faltering labor market, while Stephen Miran continued to advocate a larger reduction.

“You don’t want to make a mistake, so the way to avoid that is to go cautiously or carefully and do 25, wait and see what happens, and then you can get a better idea of what to do,” Waller said Thursday during an interview on Bloomberg Television.

Fed Chair Jerome Powell signaled earlier this week that officials are on track to lower borrowing costs by a quarter point when ...